Agricultural News
Cuba Trade Bill Introduced
Tue, 23 Feb 2010 17:29:51 CST
House Agriculture Committee Chairman Collin Peterson has introduced legislation to expand U.S. agriculture exports to Cuba. H.R. 4645, the Travel Restriction Reform and Export Enhancement Act, is co-sponsored by 30 other Members of Congress. If made into law, the act would eliminate the need to go through banks in other countries to conduct agricultural trades. The bill would also require agricultural exports to Cuba to meet the same payment requirements as exports to other countries. Presently, payment in advance is required.
Peterson says, - U.S. producers are the closest suppliers that can help meet the food and agriculture needs of the Cuban people. Opportunities to sell to paying customers in Cuba have been hindered by bureaucratic red tape and by arbitrary prohibitions on the ability of U.S. citizens to travel to Cuba. Peterson believes - this bill cuts the red tape and allows that trade and travel to happen.
The National Farmers Union supports the bill. NFU President Roger Johnson says - even though U.S. firms offer reliable trading partners, quality products and competitive prices, current U.S. policy hampers their ability to supply the Cuban market. Johnson says – if the United States is not the supplier, the European Union or Brazil will be happy to take our place.
Read the House Ag Committee release by clicking here.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News
More Headlines...
